Proposed Plan To Absorb Minimum Wage Increase Endorsed
OCEAN CITY- The state’s mandated minimum wage will continue to creep upward to $15 an hour by 2025, but the resort has a plan to absorb the financial impact.
Last year, the General Assembly passed legislation mandating an incremental increase in the state’s minimum wage over the next five years. As a result, the minimum wage will be increased by roughly 75-cents each year, from the $11 rate that began on January 1 to ultimately $15 by 2025.
The mandated increase set pangs of fear and trepidation through local governments struggling to find a way to fund the pay increases while continuing to make ends meet, including Ocean City. On Tuesday, Human Resources Director Wayne Evans and Budget Manager Jennie Knapp outlined a plan to absorb the incremental increases without straining the budget. The plan includes implementing the increases at the lowest end of the town’s pay scale without having them spread across the entire range.
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Last year, the General Assembly passed legislation mandating an incremental increase in the state’s minimum wage over the next five years. As a result, the minimum wage will be increased by roughly 75-cents each year, from the $11 rate that began on January 1 to ultimately $15 by 2025.
The mandated increase set pangs of fear and trepidation through local governments struggling to find a way to fund the pay increases while continuing to make ends meet, including Ocean City. On Tuesday, Human Resources Director Wayne Evans and Budget Manager Jennie Knapp outlined a plan to absorb the incremental increases without straining the budget. The plan includes implementing the increases at the lowest end of the town’s pay scale without having them spread across the entire range.
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